Tex. Water Code § 17.886 · Subchapter J. AGRICULTURAL WATER CONSERVATION BOND PROGRAM
PAYMENT AND TRANSFERS BY COMPTROLLER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The comptroller shall pay the principal of the bonds as they mature and the interest on the bonds as it becomes due.
(b) If the money and securities in the interest and sinking fund are insufficient to pay the interest that is due and the principal maturing on the bonds during the fiscal year, the comptroller shall transfer out of the first money coming into the treasury, not otherwise appropriated by the constitution, the amount required to pay principal of and interest on the bonds during the fiscal year.
(c) The comptroller shall make the transfers required by the board's bond resolution or order and this subchapter.
Notes and commentary — not statutory text
History
Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 20.07, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.17.htm
- Text hash
- sha256 31f56aa1c248c9e31b88d4a913a4215d602c349520cb8a83796d9594f0951614
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.